The insurance losses and liabilities arising from cyber risks is an increasing area of focus for both shipowners and their insurers, argues Mr. Adrian Durkin, Director (Claims) and Mr. Colin Gillespie, Deputy Director (Loss Prevention) at North P&I Club.
Considering that shipping inudstry is progressively using systems relied on digitization, integration and automation, cyber security threats are not only increased, but they are becoming a part of maritime daily business. Our SeaSense column, in association with the North P&I Club, is now focusing on industry’s response to cyber risk.
In the April issue of its Phish & Ships newsletter providing insights and latest updates on maritime cyber security, Be Cyber Aware at Sea focuses among others on the latest cyber attack at the Danish Svitzer, a Maersk subsidiary. After the latter was hit by a massive cyber attack in June 2017, Svitzer revealed in March 2018 it has also suffered a significant data breach.
Lloyd’s Register Foundation and Blockchain Labs for Open Collaboration will set up Maritime Blockchain Labs, to explore the use of blockchain for the safety of infrastructure and drive new business models for the global maritime industry. MBL will try to establish an ecosystem within the sector to improve innovation and collaboration between blockchain practitioners.
The implementation of the GDPR from May 2018 comes with many challenges for all organizations as they will need to adopt new business practices, internal policies, technical and organizational measures. Extensive training in data protection and privacy legislation is a critical factor for the success of GDPR.
Security of data and other sensitive information is becoming a concern of maritime as ships are increasingly using systems that rely on digitization, integration, and automation. Here are some guidelines towards maritime cyber security.
US DHS and FBI released a joint Technical Alert targeting organizations in the energy, marine, aviation and other manufacturing sectors, providing a thorough walkthrough on how an organization’s cyber security becomes at-risk as well as recommendations for detection & prevention of possible attacks.
A recent study conducted by Ponemon Institute and sponsored by IBM Resilient found that 77% of respondents do not have a formal cyber security incident response plan applied consistently across their organization, while nearly half of the 2800 respondents reported that their incident response plan is either informal/ad hoc or completely non-existent.
Graham Ahearne, Corvil Director, Security Product Management, said that the advanced, persistent threat landscape in cyber security poses an enormous risk to global financial markets and Cyber Resilience can be built through standards, collaboration and AI-Powered Automation in these markets.
New guidelines are developed to help operators in addressing maritime cyber risks. With a series of classification notations, guidelines and services, operators can have a tool to help them comply with regulatory requirements, safeguard their crews and protect their assets from cyber attacks.
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